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Sad to say and as nice as a 272/312 sounds a mild 302 would blow the doors off of it with alot less weight in the engine compartment........Eric figures that for just over $2,000 he can have an honest 400 hp+/302.
A 390 might be a bit of a different story though.
From what I`ve heard and read the stock 302 block is good for more than 400hp ( careful on the rpm though) but I doubt I`ll ever have to worry about that.
347 stroker kit makes a very sweet small block Ford with lots of HP and more torque than a 302 could hope for.
Top it off with aluminum heads and a roller cam.....